The global geotechnical services market size is expected to reach USD 2.58 billion by 2027, exhibiting a CAGR of 6.4% during the forecast period. The increasing construction of roads, bridges, and tunnels by the government will spur opportunities for the geotechnical services industry, states Fortune Business Insights, in a report, titled “Geotechnical Services Market Size, Share and COVID-19 Impact Analysis, By Type (Underground City Space, Slope and Excavation, and Ground and Foundation), By End-user (Municipal, Bridge and Tunnel, Oil & Gas, Mining, Marine, Building Construction, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 2.04 billion in 2019.
The coronavirus incident has caused colossal loss to several industries across the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.
To get to know more about the short-term and long-term impacts of COVID-19 on this market, please visit: www.fortunebusinessinsights.com/geotechnical-services-market-105003
The report on the geotechnical services market features:
- All-inclusive study of the market
- Essential facts about prominent players
- Main regions in the market
- Key drivers and trends
- Significant development
Booming Construction Industry to Incite Business Development
The increasing construction activities across residential, commercial, infrastructural, industrial, and utility sectors in developing nations will enable speedy expansion of the market. The growing number of construction activities in India, China, Indonesia, Qatar, Thailand, and Brazil will spur lucrative business opportunities for the market. The heavy investments as government grants and subsidies to set up a robust infrastructural base in India and China can have a tremendous impact on the global market. The flourishing tourism in Sri Lanka, India, and Thailand will spur demand for hotels, resorts, parks, & other commercial buildings, which, in turn, will propel the geotechnical services industry in the foreseeable future. Besides, the increasing renovation activities in the Middle East will simultaneously improve the geotechnical services market prospects. For instance, Qatar will host the FIFA World Cup 2022, which will involve constructing nine new stadiums and renovation of three stadiums. It will also include twelve venues divided among seven host cities.
Get Sample PDF Brochure: www.fortunebusinessinsights.com/enquiry/request-sample-pdf/geotechnical-services-market-105003
Developing Mining Sector to Augment Growth in the Middle East and Africa
The Middle East & Africa region is expected to hold the largest geotechnical services market share due to the heavy investment in public transportation in GCC countries. Saudi Arabia possesses more mineral resources than any other country in the Gulf region. Saudi Arabia is rich in gold, copper, phosphate, and other natural minerals. The developing mining sector in Saudi Arabia is expected to foster growth in the region. For instance, in 2016, Saudi Arabia announced an ambitious plan to raise the value of its mining operations to reach SAR 260 Bn (US$ 69.3 Bn) under Saudi Vision 2030.
September 2020: Java Offshore has been awarded a Geotechnical Campaign in Vietnam through a contract with PetroVietnam Exploration Production Operating Company Limited (PVEP POC) for Dai Hung Field Pre-Development.
The Report Lists the Key Players in the Market:
- AECOM (U.S.)
- Kiewit Corporation (U.S.)
- Stantec (Canada)
- Fugro (Netherlands)
- WSP (Canada)
- EGS Survey (U.K)
- Gardline Limited (U.K)
- Arup (U.K)
- HDR (U.S.)
- Geosyntec (U.S.)
- Geoquip Marine Group (Switzerland)
Quick Buy – Geotechnical Services Market Research Report: www.fortunebusinessinsights.com/checkout-page/105003
Other Exclusive Reports:
Portable Generator Market Emerging Technologies, Industry Demand, CAGR Status, Global Competitors and Future Scope
Elevator and Escalator Market Size 2021, Latest Developments, Regional Demand and Business Opportunities
Milling Machine Market Key Drivers, Industry Size, Regional Investments and Top Segments Data till 2026
Commercial Refrigeration Equipment Market Latest Industry Trends, COVID 19 Impact Analysis, Key Drivers and Future Demand Forecast
Cryogenic Equipment Market 2021 Top Manufacturers, Industry Share, Regional Investments and Future Trends by 2026
Smart Gas Meter Market Emerging Technologies, Industry Demand, CAGR Status, Global Competitors and Future Scope
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123ac
APAC : +91 744 740 1245
Email: [email protected]